Britain Financial News

14.01 / 01:05

Digital Racing committee ‘Britcoin’ could cause bank run, Lords committee warns

A bank run and a potential attack from hackers are just some of the "significant risks" of introducing a central bank digital currency in the UK, according to a new government report.

13.01 / 22:47

cryptocurrency Adoption Survey Time More US First-Time Homebuyers Sell Crypto For Down Payment - Survey

Some 12% of US first-time homebuyers surveyed in the fourth quarter of last year said that selling cryptocurrency helped them save for a down payment -- up from 9% in the third quarter of 2020, according to a survey by US real estate listing provider Redfin.

13.01 / 21:17

School Teachers The situation is 'catastrophic', French teachers say, during nationwide strike over COVID measures

France's education unions staged a nationwide strike on Thursday, with teachers describing a "catastrophic" situation in schools as tens of thousands of students are out sick with COVID-19.

13.01 / 21:03

Returns Prince Andrew returns military affiliations and patronages as he prepares to fight sexual abuse case

Britain's Prince Andrew has returned all of his military affiliations and patronages a day after a US judge rejected his attempt to dismiss a sexual abuse case against him.

13.01 / 20:35

Ethereum ETF CFTC Bitcoin Near Raises USD 150M, Pakistan's Central Bank vs. Crypto, Bitstamp's Growth Plan + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

13.01 / 19:17

Art London France election: Le Pen and Zemmour make French far-right 'most suicidal' in the world

A prominent French far-right figure has urged presidential candidates Marine Le Pen and Eric Zemmour to bridge their divisions or risk becoming "the most suicidal right in the world".

13.01 / 18:35

UPS TUCKER Credit Suisse poaches Nomura banker Tucker for investment bank and wealth management tie up

Credit Suisse has hired another senior dealmaker as it expands its unit offering investment banking work to wealth management clients amid a broader pivot to serving the super-rich.

13.01 / 16:41

Blockchain regulation retail CBDC committee UK Economic Affairs Committee unconvinced by prospect of retail CBDC

The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC).

13.01 / 16:21

Art Brexit: UK and EU both call for pragmatism as Liz Truss leads Northern Ireland Protocol talks

With a new lead negotiator in charge, the British government has relaunched negotiations with the European Union on Northern Ireland's post-Brexit status, calling for Brussels to be "pragmatic" after months of deadlock.

13.01 / 16:18

Citi Target City investor Gina Miller vows to fix ‘broken country’ with new political party

Gina Miller, the prominent City investor and anti-Brexit campaigner, has officially launched her new political party, claiming Britain is being governed by people "who care more about their bank balances, wallpaper and drinks parties" than their voters.

13.01 / 16:18

Art London restrictions France travel restrictions: Paris eases strict COVID rules for arrivals from the United Kingdom

France has today eased strict COVID travel restrictions for arrivals from the United Kingdom.

13.01 / 16:16

Citi PwC Halting the Great Resignation is priority for City firms, says survey

Retaining talent as the pandemic drags on is the biggest priority for the financial services sector.

13.01 / 14:31

UPS Citigroup Barclays hires Citigroup’s Baumann to lead German investment banking

Barclays hired Citigroup's head of investment banking for Germany as the UK lender bulks up its European presence.

13.01 / 13:31

Amazon Platform Blue Whale’s Stephen Yiu says he dumped Amazon holding as ‘inflation narrative’ weighs on outlook

A UK-based retail investment fund backed by billionaire Peter Hargreaves has sold its entire stake in Amazon after holding the US online retail giant for four years.

13.01 / 13:05

Merit Mercantile London Stock Exchange Deal Premier Miton pulls out of River & Mercantile deal talks

Premier Miton, the £13.9bn UK fund house, has walked away from talks to acquire River & Mercantile – leaving Martin Gilbert’s AssetCo in prime position to swoop in on the listed asset manager.

13.01 / 12:51

Digital Waters committee Lords Committee pours cold water on UK CBDC

The Bank of England and HM Treasury have been actively pursuing the case for a CBDC, dubbed Britcoin, due to the declining use of cash and the threats to monetary sovereignty posed by private digital currencies.The upper chamber of the House of Commons commenced its inquiry into the issue in November, taking evidence from the Bank of England and senior banking officials.Lord Forsyth of Drumlean, Committe Chair, comments: “We took evidence from a variety of witnesses and none of them were able to give us a compelling reason for why the UK needed a central bank digital currency. The concept seems to present a lot of risk for very little reward.

13.01 / 11:01

Digital Racing committee ‘Britcoin’ could cause bank run, Lords committee warns

A bank run and a potential attack from hackers are just some of the "significant risks" of introducing a central bank digital currency in the UK, according to a new government report.

13.01 / 07:59

Legal Bitcoin Jack Dorsey & Co Launch Bitcoin Legal Defense Fund, Prepare to Wage Legal War with Craig Wright

The Twitter founder, Bitcoin (BTC) bull and Block (formerly Square) chief Jack Dorsey has taken aim at those taking legal potshots at Bitcoin developers – including the likes of Craig “Faketoshi” Wright.

13.01 / 03:21

Citi PwC Halting the Great Resignation is priority for City firms, says survey

Retaining talent as the pandemic drags on is the biggest priority for the financial services sector.

13.01 / 03:21

Amazon Platform Blue Whale’s Stephen Yiu ditches Amazon holding

A UK-based retail investment fund backed by billionaire Peter Hargreaves has sold its entire stake in Amazon after holding the US online retail giant for four years.

13.01 / 01:09

NOT Terry Smith reassures fund investors he is not selling out of UK market

Terry Smith, one of the best-selling British stock pickers, said selling stakes in three London-listed companies last year should not be taken as a sign he is abandoning investment opportunities in the UK market.

latest developments in Britain

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